Question

A trader sells Rice to a customer at a profit of x% over the cost price, besides if he cheats his customer by giving 950 g instead of 1Kg. Thus his overall percentage is 20%. Then what is the value of x?

Answer 1

Hey Buddy,

# Answer=14.74%

# Explanation-

# Given-

Consider 1kg of rice to be sold,

Net profit % = 20%

Cheating 50 gms fir each 950gms

# Solution-

% Profit due to cheating 50/950 ×100 = 5.26%

% Profit due to sales x% = Net profit - cheating profit

% Profit due to sales x% = 20% - 5.26% % Profit due to sales x% = 14.74%

Thus,

Value of x=14.74.

Hope this is useful...

Answer 2

Answer:

Step-by-step explanation:

let the original cost of rice be - a

trader uses - 950 gm

a - 950÷ 950 * 100 = 20

a - 950 ÷ 950 = 1 ÷ 5

a - 950 =950÷5

a - 950 = 190

a = 1140

1140 - 1000 = 140

140 ÷1000 * 100 = 14%